Download PRESS RELEASE - Tikehau Capital

These materials are not an offer for sale of Tikehau Capital shares in the United States or in any other
jurisdiction. Tikehau Capital shares may not be sold in the United States absent registration or an
exemption from registration under the U.S. Securities Act of 1933, as amended. Tikehau Capital does
not intend to register in the United States any portion of the offering or to conduct a public offering of
the shares in the United States.
PRESS RELEASE
Contemplated share capital increase opened to all shareholders to
prepare for the next phase of development of Tikehau Capital
Contemplated repurchase of the net share settled bond convertible
into new shares and/or exchangeable for existing shares due
January 1st, 2022 (the “2022 ORNANEs”)
Paris, June 19, 2017
Contemplated share capital increase
Tikehau Capital (the “Company”) announces today its intention to proceed, subject to certain
conditions1, with a share capital increase opened to all shareholders for a minimum amount of
€500 million (the “Capital Increase”). The Capital Increase is expected to be completed at a price
of €22 per new share of the Company.
The contemplated Capital Increase will provide Tikehau Capital with additional resources to
finance its next phase of development and to accelerate its growth.
In an Alternative Asset Management industry consolidating around two profiles of players (multistrategy asset management companies and specialized boutiques) the Company intends to:
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
grow its asset management business and realize attractive returns on capital through the
combination of balance sheet and asset management;
pursue organic growth of existing and new strategies in order to reach the objective of €20
billion of assets under management by 2020; and
Subject to market conditions and the approval by the Autorité des marchés financiers (“AMF”) of a
prospectus related to the contemplated Capital Increase (the “Prospectus”).
1
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capitalize on critical mass and market visibility and credibility to accelerate opportunities
in M&A across both existing and new strategies and geographies.
Tikehau Capital has already received strong indications of interest from certain current
shareholders and other institutional investors in the context of the proposed Capital Increase.
Tikehau Capital’s controlling shareholders2 held by the founders and management intend to
participate to the Capital Increase for an aggregate amount of €165 million.
Tikehau Capital’s decision to effectively proceed with the transaction could be taken quickly, but
remains subject to market conditions and the approval by the AMF of the Prospectus. Subject to
the above, the final terms of the Capital Increase will be set out in the Prospectus approved by the
AMF and announced following the AMF’s approval.
Before taking any decision to invest in Tikehau Capital securities (or, if applicable, any decision to
participate in the Capital Increase), investors are invited to carefully review the risk factors
presented in Section III (Risk factors) of Tikehau Capital’s Reference Document for 2016 and
those that would, in due course, be presented in Section 2 of the securities note. Tikehau Capital’s
2016 Reference Document is available on the Company’s website (www.tikehaucapital.com/en).
A Company presentation is also available
(www.tikehaucapital.com/en/publications).
on
the
website
of
the
Company
The Company is advised by Natixis, CITIGROUP, BNP Paribas and Morgan Stanley.
Contemplated repurchase of the 2022 ORNANEs (ISIN: FR0013230620)
Tikehau Capital has received indications of interests from holders of 2022 ORNANEs wishing to
tender for repurchase approximately 79% of the 2022 ORNANEs initially issued. Tikehau Capital
intends to execute such repurchases in off-market transactions (the “Repurchases”).
Once those transactions are settled, and in order to ensure that all holders of 2022 ORNANEs are
treated equally, Tikehau Capital will launch a repurchase procedure through a standing repurchase
order at the same price paid for the Repurchases, for a period of 5 business days. Holders of 2022
ORNANEs wishing to participate will have to contact their financial intermediary.
At completion of the repurchase operations described above, the total number of 2022
ORNANEs so repurchased will be announced in a press release by Tikehau Capital and they will
be cancelled in accordance with their terms and conditions.
Tikehau Capital further informs holders of 2022 ORNANEs that, pursuant to the terms and
conditions of the ORNANEs 2022, any notification of exercise of their conversion right received
after 19 June 2017 will be settled in cash only.
2
Namely Tikehau Capital Advisors and Fakarava Capital
About Tikehau Capital:
Tikehau Capital is an asset management and investment group which manages €10.3bn of assets, with
shareholders’ equity of €1.5bn. The Group invests in various asset classes (private debt, real-estate, private
equity and liquid strategies), including through its asset management subsidiary Tikehau IM, on behalf of
institutional and private investors. Controlled by its managers, alongside leading institutional partners,
Tikehau Capital employs 170 staff in its Paris, London, Brussels, Madrid, Milan, Seoul and Singapore
offices.
Tikehau Capital is listed on the regulated market of Euronext in Paris, Compartment A (ISIN code:
FR0013230612; Ticker: TKO.FP)
www.tikehaucapital.com
Press Contacts:
Tikehau Capital : +33 1 40 06 18 40
Julien Sanson – [email protected]
Image 7 : + 44 781 864 18 03
Leslie Jung - [email protected]
Disclaimers
This press release and the information contained herein do not constitute an offer to sell or purchase,
or the solicitation of an offer to sell or purchase, securities of Tikehau Capital.
No communication or information relating to the contemplated Capital Increase may be distributed to
the public in any jurisdiction (other than France) in which registration or approval is required. No action
has been (or will be) undertaken in any jurisdiction outside of France where such steps would be
required. The subscription for or purchase of securities of Tikehau Capital may be subject to legal or
statutory restrictions in certain jurisdictions. Tikehau Capital assumes no responsibility for any violation
of such restrictions by any person. The distribution of this press release in certain jurisdictions may be
restricted by law.
This press release does not constitute a prospectus within the meaning of Directive 2003/71/EC as
amended (the "Prospectus Directive").
The rights issue will be open to the public in France only
With respect to each member State of the European Economic Area other than France (the "Member
State"), no action has been undertaken or will be undertaken to make an offer to the public of securities
requiring a publication of a prospectus in any Member State. As a result, the securities of Tikehau
Capital may only be offered in the Member States (a) to qualified investors, as defined by the Prospectus
Directive; or (b) in any other circumstances, not requiring Tikehau Capital to publish a prospectus as
provided under Article 3(2) of the Prospectus Directive.
For the purposes of this paragraph, "securities offered to the public" in a given Member State means
any communication, in any form and by any means, of sufficient information about the terms and
conditions of the offer and the securities so as to enable an investor to make a decision to buy or
subscribe for the securities, as the same may be varied in that Member State.
The above selling restrictions are in addition to any other selling restrictions which may be applicable
in the Member States.
The distribution of this press release is directed only at (i) persons outside the United Kingdom, subject
to applicable laws, or (ii) persons having professional experience in matters relating to investments who
fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 as amended (the "Order") or (iii) high net worth
bodies corporate, unincorporated associations and partnerships and trustees of high value trusts as
described in Article 49(2) (a) to (d) of the Order (all such persons together being referred to as “relevant
persons”). The rights issue will only be available to, and any invitation, offer or agreement to subscribe,
purchase or otherwise acquire such rights will be engaged in only with, relevant persons. Any person
who is not a relevant person should not act or rely on, this press release or any information contained
herein.
This press release does not constitute an offer or invitation to sell or purchase, or a solicitation of any
offer to purchase or subscribe for, any securities of Tikehau Capital in the United States of America.
Securities may not be offered, subscribed or sold in the United States of America absent registration
under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), except pursuant to an
exemption from, or in a transaction not subject to, the registration requirements thereof. The securities
of Tikehau Capital have not been and will not be registered under the U.S. Securities Act and Tikehau
Capital does not intend to make a public offer of its securities in the United States of America.
The diffusion of this press release in certain countries may be prohibited under applicable law.
This press release may not be published, transmitted or distributed, directly or indirectly, and does not
constitute an offer of securities, in the United-States (including in the territories and dependencies and
in any State of the United States), in Canada, in Australia, or in Japan.